JT & CY ADVISORY - Malaysia Accounting firm
Led by Sim Chong Yen, FCCA, MIA – in practice since 2018
≡ What you'll find on this page
? Quick Answer: What does JT & CY Advisory do?
JT & CY Advisory is a Malaysia‑based accounting and advisory firm providing audit exemption advisory, Sdn Bhd incorporation, corporate secretarial, payroll, and business advisory services. Led by Sim Chong Yen (FCCA, MIA), we help Malaysian SMEs and foreign investors navigate SSM compliance, tax regulations, and cross‑border expansion. We are an affiliate of Terra Advisory Services (ACRA FA20122913), an ACRA‑registered filing agent in Singapore since 2012.
- ✓ Audit exemption advisory under SSM PD 10/2024
- ✓ Sdn Bhd incorporation & corporate secretarial
- ✓ Payroll, EPF, SOCSO, EIS, PCB processing
- ✓ Business advisory and process improvement
- ✓ Cross‑border referrals to our Singapore affiliate Terra Advisory Services
🇲🇾 Key Facts
SSM incorporation fee: RM1,000
Name reservation: RM50 (if reserved)
Company secretary: within 30 days after incorporation
Annual return: within 30 days of incorporation anniversary
Our services
Audit exemption advisory
We help private companies assess eligibility under SSM Practice Directive 10/2024, prepare unaudited financial statements, and lodge the required certificate.
Phase 2 (2026): RM2M revenue/assets, 20 employees
Phase 3 (2027+): RM3M revenue/assets, 30 employees
Company incorporation (Sdn Bhd)
We assist with SSM registration for both local and foreign‑owned companies, including post‑incorporation guidance.
Timeline: 3–5 working days
SSM fees: RM1,000 + RM50 name reservation (if applicable)
Corporate secretarial
Annual return filing, statutory registers, board resolutions, and ongoing SSM compliance support.
Annual return deadline: 30 days after incorporation anniversary
Payroll services
Monthly salary processing, EPF, SOCSO, EIS, PCB, and year‑end payroll documentation.
Statutory deadlines: contributions due by the 15th of following month
Business advisory
Process improvement, restructuring considerations, financial reporting clarity, and management decision support – drawing on operational experience.
Singapore expansion
Through our affiliate Terra Advisory Services, we can connect you to Singapore incorporation, nominee director, and compliance specialists.
Who is Sim Chong Yen?
Sim Chong Yen is a Fellow of the Association of Chartered Certified Accountants (FCCA) and a member of the Malaysian Institute of Accountants (MIA), with accounting industry experience since 2012.
He has worked on audit, tax, and advisory engagements for private sector clients across multiple industries in Malaysia and Singapore. Earlier in his career, he was involved in marketing, project implementation, and professional training, working with accounting and audit firms to improve efficiency, productivity, and work processes – a background that gives him a rare operational perspective.
Today, his focus is on giving clients practical, clear, and commercially useful support – not just technical compliance, but advice that management teams can actually act on.
Sim Chong Yen
FCCA, MIA
Why choose JT & CY Advisory?
Professionally qualified
Led by Sim Chong Yen, FCCA, MIA, with hands‑on experience across accounting, audit, and advisory work.
Operationally practical
We don't stop at compliance – we help clients improve processes, internal discipline, and reporting clarity, leveraging real operational experience.
Strong SME fit
Our services are designed for SMEs, growing companies, and business owners who want practical support without unnecessary complexity.
Cross‑border affiliate
Clients expanding into Singapore can be introduced to our affiliate Terra Advisory Services (ACRA FA20122913), a trusted Singapore partner since 2012.
What is the audit exemption criteria for 2026?
For financial years commencing on or after 1 January 2026, a private company may qualify for audit exemption under Phase 2 of SSM Practice Directive 10/2024 if it meets any 2 of these 3 thresholds: revenue ≤ RM2,000,000, total assets ≤ RM2,000,000, and employees ≤ 20. The criteria are phased, with Phase 3 (2027+) increasing thresholds to RM3,000,000 and 30 employees.
| Phase | Financial period | Revenue ≤ | Assets ≤ | Employees ≤ |
|---|---|---|---|---|
| Phase 1 | 2025 | RM1,000,000 | RM1,000,000 | 10 |
| Phase 2 | 2026 | RM2,000,000 | RM2,000,000 | 20 |
| Phase 3 | 2027 onward | RM3,000,000 | RM3,000,000 | 30 |
Audit exemption does not mean “no accounts.” Companies that elect exemption still need proper accounting records and compliant financial statements, together with the required certificate.
What do clients say?
"As a new company, we are very appreciative towards Mr. Sim for being very professional and responsive to our queries. Mr. Sim also takes the initiative to update us on any government changes in regulations affecting companies."
— GMDESIGN (M) SDN BHD
"They provide practical advice that helps us meet regulatory obligations without unnecessary complexity."
— MAAS MANAGEMENT (M) PLT
"Professional, dependable, and easy to work with. We value their consistency and commitment."
— QUEENIE BEAUTY 86 PLT
Expanding to Singapore? Meet our affiliate.
JT & CY Advisory is an affiliate of Terra Advisory Services, an ACRA‑registered filing agent in Singapore since 2012 (FA20122913). Through this relationship, we can introduce you to specialists for Singapore company incorporation, nominee director services, corporate secretarial, and work pass support.
- ✓ Singapore incorporation
- ✓ Nominee director
- ✓ Corporate secretary
- ✓ Work passes & immigration
- ✓ Corporate tax & GST
- ✓ Annual compliance
Frequently asked questions
1. Does my company need an audit in 2026?
2. Can a foreigner own 100% of a Malaysia Sdn Bhd?
3. What is the corporate tax rate in Malaysia?
4. What is the difference between audit exemption and an audit?
5. How do I register a company in Malaysia?
6. Does my private company still need to hold an AGM every year?
7. What are the annual compliance requirements for a Sdn Bhd?
8. What is the minimum paid‑up capital for a Sdn Bhd?
9. Can you help me set up a company in Singapore?
10. What makes JT & CY Advisory different?
11. Are you registered with MIA?
12. How can I get a quotation for your services?
Official references
Ready to work with us?
Whether you need audit exemption advice, company incorporation, payroll support, or corporate secretarial guidance, JT & CY Advisory is ready to help.
Important Notice: This information is for general informational purposes only and should not be relied upon as legal, tax, audit, or professional advice. JT & CY Advisory is an affiliate of Terra Advisory Services (ACRA FA20122913). For advice tailored to your specific circumstances, please contact us directly. Last updated: March 2026.